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Genesis Chartered Accountants is your one stop shop for all of your accounting, tax and business nee

16/04/2026

📢 Gift Card Tax Rules Have Changed

Earlier this month, from 1 April 2026, all employer-provided gift cards and vouchers are treated as taxable benefits.

This means:
• FBT applies to all gift cards, regardless of type
• The previous $300 exemption no longer applies
• These benefits are now taxed from the first dollar

If your business provides staff incentives or rewards through gift cards, it’s important to understand how these changes affect your obligations.

If you’re unsure how to apply this, we’re here to help.

Read more: https://www.ird.govt.nz/updates/news-folder/2026/fringe-benefit-tax-fbt-changes-now-in-effect

19/03/2026

ACC is making some significant changes from 1 April 2026 that will affect most businesses.

Here's what's changing:
1. Earners' Levy rises to 1.75% on wages
2. Maximum liable earnings cap increases to $156,641
3. No-Claims Discount is being removed for all businesses
4. Experience rating becomes self-funding — only participating businesses contribute
5. Work levy rates continue to rise as part of a multi-year adjustment

Now's a good time to review your ACC obligations and make sure you're across what's coming. Find out more: https://www.acc.co.nz/for-business/levy-changes-for-businesses

26/02/2026

📢 Minimum Wage Increasing – 1 April 2026

From 1 April 2026, the adult minimum wage will rise to $23.95 per hour (up 45 cents).

• Training and starting-out wages will increase to $19.16 per hour.

• A full-time worker (40 hours) will earn around $936 more per year before tax.

• Around 122,500 workers are expected to benefit from the change.

If you employ staff or earn minimum wage, now’s a good time to prepare.

Find out more: https://www.mbie.govt.nz/about/news/minimum-wage-set-for-2026

18/02/2026

KiwiSaver changes are coming from April 2026

If you’re in KiwiSaver, now’s a good time to check how these updates could impact your long-term savings.

Click here to find out more on the IRD website: https://www.ird.govt.nz/kiwisaver-changes

24/07/2025

🌟 KiwiSaver Changes Announced in the 2025 Budget

Here’s what you need to know:
1. Contribution rates are going up
Employee and employer rates rise from 3% → 3.5% in April 2026, then 4% in April 2028

2. Government contributions are being halved
The annual top-up drops from $521.43 to $260.72

If you earn over $180,000, you’ll no longer receive the Government contribution from 1 July 2025

3. KiwiSaver is being extended to younger workers
From April 2026, 16 and 17-year-olds will receive mandatory employer contributions too

Got questions or wondering how this impacts your finances? Get in touch, we're here to help you plan ahead. Call us on 098380156

17/07/2025

✈️ Planning to be away for more than 21 days?
Under Section 16A of the Residential Tenancies Act, landlords must appoint a New Zealand-based agent to manage their responsibilities while overseas.

Importantly, this agent isn’t just a point of contact. They take on full legal responsibility as the landlord. That means handling any tenant requests, repairs, or issues that may arise in your absence.

If you’re considering appointing a friend or family member, make sure they’re aware of what the role involves.

Need guidance on appointing an agent or ensuring compliance while you're away? Our team is here to help. Get in touch by calling us on 098380156

Address

102c Hobsonville Road, Hobsonville
Auckland
0618

Website

https://genesisaccountants.co.nz/

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